Saybrook Capital Has Boosted Its Holding in Mondelez Intl Cl A (MDLZ) as Market Valuation Rose; Lafayette Investments Increased Corning Com (GLW) Holding by $321,755 as Shares Rose

January 13, 2018 - By Hazel Jackson

Saybrook Capital increased its stake in Mondelez Intl Inc Cl A (MDLZ) by 7.85% based on its latest 2017Q3 regulatory filing with the SEC. Saybrook Capital bought 8,800 shares as the company’s stock rose 7.60% with the market. The institutional investor held 120,833 shares of the consumer non-durables company at the end of 2017Q3, valued at $4.91 million, up from 112,033 at the end of the previous reported quarter. Saybrook Capital who had been investing in Mondelez Intl Inc Cl A for a number of months, seems to be bullish on the $63.47 billion market cap company. The stock decreased 0.09% or $0.04 during the last trading session, reaching $42.47. About 7.18 million shares traded. Mondelez International, Inc. (NASDAQ:MDLZ) has risen 5.69% since January 13, 2017 and is uptrending. It has underperformed by 11.01% the S&P500.

Lafayette Investments Inc increased its stake in Corning Inc Com (GLW) by 6.93% based on its latest 2017Q3 regulatory filing with the SEC. Lafayette Investments Inc bought 11,095 shares as the company’s stock rose 5.06% with the market. The institutional investor held 171,215 shares of the telecommunications equipment company at the end of 2017Q3, valued at $5.12M, up from 160,120 at the end of the previous reported quarter. Lafayette Investments Inc who had been investing in Corning Inc Com for a number of months, seems to be bullish on the $30.12 billion market cap company. The stock increased 2.67% or $0.9 during the last trading session, reaching $34.66. About 6.59M shares traded or 23.52% up from the average. Corning Incorporated (NYSE:GLW) has risen 53.38% since January 13, 2017 and is uptrending. It has outperformed by 36.68% the S&P500.

Lafayette Investments Inc, which manages about $370.11 million and $268.92M US Long portfolio, decreased its stake in Dover Corp Com (NYSE:DOV) by 10,527 shares to 42,588 shares, valued at $3.89M in 2017Q3, according to the filing. It also reduced its holding in Berkshire Hathaway Inc (BRKB) by 3,595 shares in the quarter, leaving it with 143,444 shares, and cut its stake in Markel Corp Com (NYSE:MKL).

Among 18 analysts covering Corning Incorporated (NYSE:GLW), 5 have Buy rating, 2 Sell and 11 Hold. Therefore 28% are positive. Corning Incorporated had 44 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Hold” on Wednesday, October 4. The firm has “Overweight” rating given on Tuesday, September 29 by Barclays Capital. Goldman Sachs maintained the shares of GLW in report on Wednesday, November 2 with “Buy” rating. The firm has “Sell” rating given on Friday, June 10 by Drexel Hamilton. The firm earned “Sell” rating on Wednesday, July 26 by Drexel Hamilton. The company was maintained on Monday, June 19 by Drexel Hamilton. As per Thursday, December 17, the company rating was downgraded by JP Morgan. The rating was downgraded by Goldman Sachs to “Sell” on Tuesday, August 15. On Tuesday, January 26 the stock rating was maintained by Drexel Hamilton with “Hold”. The firm has “Hold” rating by Stifel Nicolaus given on Friday, September 8.

Investors sentiment decreased to 0.75 in 2017 Q3. Its down 0.17, from 0.92 in 2017Q2. It dived, as 64 investors sold GLW shares while 339 reduced holdings. 66 funds opened positions while 235 raised stakes. 610.60 million shares or 2.66% less from 627.26 million shares in 2017Q2 were reported. Adirondack Tru reported 0.08% in Corning Incorporated (NYSE:GLW). First Interstate Financial Bank reported 0.01% of its portfolio in Corning Incorporated (NYSE:GLW). Ameritas Invest Prtnrs Inc invested 0.03% of its portfolio in Corning Incorporated (NYSE:GLW). Moreover, Rockefeller Inc has 0.04% invested in Corning Incorporated (NYSE:GLW). Lafayette Investments stated it has 171,215 shares or 1.91% of all its holdings. 918,610 are held by Northcoast Asset Management Ltd Liability Com. Retirement System Of Alabama holds 0.07% of its portfolio in Corning Incorporated (NYSE:GLW) for 438,183 shares. Bedrijfstakpensioenfonds Voor De Media Pno invested in 64,785 shares or 0.22% of the stock. Americafirst Cap Mngmt Lc accumulated 2,637 shares or 0.11% of the stock. Axa invested in 0.04% or 283,463 shares. Mairs And Pwr Incorporated owns 2.46 million shares. Mount Lucas Mngmt Lp holds 1.87% or 346,858 shares. Shell Asset Management Co has invested 0.06% in Corning Incorporated (NYSE:GLW). Evanston Investments Dba Evanston Advisors holds 1.94% or 269,907 shares. Parthenon Ltd Company invested in 289,835 shares or 2.05% of the stock.

Since August 24, 2017, it had 0 insider buys, and 7 insider sales for $12.68 million activity. 48,125 shares valued at $1.38M were sold by McRae Lawrence D on Wednesday, August 30. The insider RIEMAN DEBORAH sold $66,979. The insider Pambianchi Christine M sold 33,000 shares worth $942,619. 46,763 Corning Incorporated (NYSE:GLW) shares with value of $1.33 million were sold by Kinlin Clark S. TOOKES HANSEL E II sold 6,513 shares worth $205,778. Another trade for 248,857 shares valued at $7.81 million was sold by WEEKS WENDELL P.

Since August 8, 2017, it had 0 insider buys, and 2 selling transactions for $559,992 activity. On Tuesday, August 8 Brusadelli Maurizio sold $273,412 worth of Mondelez International, Inc. (NASDAQ:MDLZ) or 6,248 shares.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>